Eagle Hospitality Trust Files for Listing in Singapore

Market news —

Eagle Hospitality Trust, which owns 18 hotel properties in the USA, has filed for IPO in the Singapore stock market.

EHT comprises a REIT and business trust. The Singapore-based EH-REIT has an initial portfolio with 18 full service properties, comprising nine Upper Upscale hotels, five Upscale hotels, and four Upper Midscale hotels with a total of 5,420 rooms and an aggregate valuation of US$1.27b. For its initial portfolio, it expects a yield of 8.1%-8.2% in 2020.